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Jan 25, 2013
01/13
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i think republicans now back in the driver's seat because they cooperated on raising the debt ceiling. they forced the senate democrats to put up a budget. the next thing will be the continuing resolution, short term spending cuts. i think the gop by stopping taxes is back in play, they are back in play. >> i love your optimism, larry. i wish i could be jumping up and down with you. but i'm afraid the republicans are in full retreat. i'm hoping -- i know they won't agree to this tax increase. the senator is absolutely right. but the problem is the democrats are using this as another opportunity to put republicans of throwing granny off the cliff, caring only about their millionaire and billionaire buddies. patty murray said we'll put it on the people who best can afford it. it worked for president obama, the democrats, like the cbs news political director said is to go for the jugular, to cut the throat to destroy republicans. this is not about achieving a budget or growing jobs. it's about destroying the opposition so they can continue grow the size of the federal government, continu
i think republicans now back in the driver's seat because they cooperated on raising the debt ceiling. they forced the senate democrats to put up a budget. the next thing will be the continuing resolution, short term spending cuts. i think the gop by stopping taxes is back in play, they are back in play. >> i love your optimism, larry. i wish i could be jumping up and down with you. but i'm afraid the republicans are in full retreat. i'm hoping -- i know they won't agree to this tax...
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Jan 31, 2013
01/13
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wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right. >> let's listen to a few highlights. >> -- on pig manure. if they demand a one or fun ratio between tax increases and pig manure cuts, then there's really no hope of ever putting our country back on the path to prosperity. >> now, start with you, jared. correct me if i'm wrong, but isn't pig mature what paul ryan is actually trying to cut entitlements unless that's their word for entitlements? >> you know, there is no line in the government budget for waste, fraud, and abuse, although these guys pretend there is. when they talk about things like that, they don't know what they're talking about. during the recover
wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right....
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Jan 24, 2013
01/13
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in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi
in this half hour the house passes a bill to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that...
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Jan 29, 2013
01/13
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eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the fed's tool backs and realize they have shot every arrow that they have got. they will keep gig qe this year, maybe another $1 trillion but even inside the fed there's doubts about how much more effective will be at this stage, what, with long-term interest rates as low as they are. tomorrow i don't expect any fireworks from them. i'll be interested to see how they characterize the economy, whether they are getting more comfortable with it now that we have the biggest piece of the fiscal cliff out of the way or whether they are still concerned that employment is sluggish an inflation
eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the...
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Jan 28, 2013
01/13
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look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id long-timal mentality. what we like to think of unfortunately is that politics in washington is a little bit now like professional wrestling okay. there is this demonstration going on but it is kind of scripted and it doesn't really get to the full truth of what is going on. >> sean: there are two other issues we haven't dealt with yet. one is the media. they are not doing specials on this. number two, american people you know what, i don't know if they are either aware or they don't care. you want to weigh in here but the bottom line is they voted in obama. i got chris matthews all mad, he didn't get a tingle up hi
look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id...
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Jan 24, 2013
01/13
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not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't have to make fundamental cuts in entitlements. i think that's wrong. i think we have to make substantial cuts in entitlements. we should make substantial cuts in many other components of expenditure as well, defense and nondefense in that trying to address our long term fiscal situation with higher taxes is is going to destroy the economy. gerri: democrats are beating the drum on this already. anyone you listen to from that side of the house is really talking about higher taxes. republicans and conservatives in general like to talk about the power of economic growth. could robust growth that a l
not going to keep raising the debt ceiling at indicating that there will be steep cuts said. what is the chance of that? >> well, i hope the is right, but i fear he is wrong. i think that the current mood of the country is more sympathetic to the president and the democrats' perspective, which is that we don't really have a serious spending problem. we have a minor spending problem we can do with a little bit. we can raise taxes on high-income households a little bit more and we don't...
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Jan 24, 2013
01/13
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we got through one part of the fiscal cliff, now we're looking at the debt ceiling. which one of those, to you as a business leader, matters the most, affects business the most? >> i think, um, what matters the most is providing clarity. clarity to business, clarity to the country at large. and that's what people want. every time there's a survey, you see that they want clarity. and that's why i think it is so important to have a solution. liz: well, now you know you have clarity on the fact that people have the payroll tax back into their paychecks. >> sure. liz: are you seeing any effect on that where people have less money in their pockets, and maybe they're not buying coca-cola as much? >> well, i think generally speaking we still see great opportunities in the united states for our business in the coming decade and continuing on from there. we haven't seen an impact yet. it's too early to tell. liz: okay. >> but i would say this, um, i would say if we can have a solution -- which i believe we will -- for fiscal reform, if we can have a solution in the united sta
we got through one part of the fiscal cliff, now we're looking at the debt ceiling. which one of those, to you as a business leader, matters the most, affects business the most? >> i think, um, what matters the most is providing clarity. clarity to business, clarity to the country at large. and that's what people want. every time there's a survey, you see that they want clarity. and that's why i think it is so important to have a solution. liz: well, now you know you have clarity on the...
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Jan 24, 2013
01/13
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i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in slightly better than expected, $32.6 million. >>> officials at sac capital are giving investor an update on an investigation by the securities & exchange commission. that's what sources are telling fox business network senior correspond
i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in...
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Jan 26, 2013
01/13
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we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this across the board budget ax. we're going to come back, we're going to rethink this and we're going to try to get those savings in a more -- in a smarter way. and that hope as it were is pretty much shot now when you talk to the republicans and democrats in the congress. republicans believe many of the deficit hawks out there believe this is the best chance they have for cutting spending. it's going to become law on march 1st. it's already on the way to taking effect. and democrats are happy to replace some of those cuts, particularly in the military side, but they want to do it with tax increases which
we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this...
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Jan 24, 2013
01/13
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ceiling. by cutting back on capital investment, and not firing people. there was a lot of anecdotal evidence over that, that they were waiting this out. that maybe they thought this time around it was more bluff and bluster than reality that we'd hit the debt ceiling. and that seems to have paid off. people don't -- employers don't like to fire employees. not only because of, you know, being gentle human beings but because it's costly for them to do that. they tried to hold on. what we seemed to be seeing here right now is i held my exuberance last week because i thought it was a one-off seasonal adjustment thing and you do have to be careful in the month of january, as people come off the rolls because of the seasonal hiring. and there's still some reason for skepticism. but staying down at this level for a second week, joe, we've always said 350 was the bottom of the range, and we're putting in a new bottom down there this 330 that you've got to think about. probably payrolls up near 200,000
ceiling. by cutting back on capital investment, and not firing people. there was a lot of anecdotal evidence over that, that they were waiting this out. that maybe they thought this time around it was more bluff and bluster than reality that we'd hit the debt ceiling. and that seems to have paid off. people don't -- employers don't like to fire employees. not only because of, you know, being gentle human beings but because it's costly for them to do that. they tried to hold on. what we seemed...
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Feb 1, 2013
02/13
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the debt ceiling fight will resurface in the summer. >>> new polls showing the nra's opposition to reforming certain gun laws isn't registering with the american public. according to polling, more than 90% of voters in three states say they support wider background checks for people buying weapons at gun shows. that includes voters who live in households with a gun. when it comes to the question of armed police in schools, more voters in virginia, new jersey, and pennsylvania support the idea than oppose it. the board of education in new it is town, connecticut, is requesting funding for armed police officers in four elementary schools for the next school year. in chicago, meanwhile, mayor rahm emanuel is moving 200 officers from desk duty to the streets amid the city's most violent months in decades. 42 people have been murdered this year including 15-year-old who was shot dead this week while hanging out with friends in a park. >> when any young person in our city is gunned down without reason, their death makes an impression on all of us. and it demands action from all of us. the loss of
the debt ceiling fight will resurface in the summer. >>> new polls showing the nra's opposition to reforming certain gun laws isn't registering with the american public. according to polling, more than 90% of voters in three states say they support wider background checks for people buying weapons at gun shows. that includes voters who live in households with a gun. when it comes to the question of armed police in schools, more voters in virginia, new jersey, and pennsylvania support...
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Jan 24, 2013
01/13
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they were treated on the debt ceiling issue trying to tie that to spending cuts. >> right. ashley: where does the gop draw the line in the sand do you think? >> well i'm not sure they're in a position to draw the line right now unfortunately. you know, they control the house and the senate is controlled by the democrats. the white house is controlled by the democrats. so i don't know that they have a lot of power at this point to do very much. i think what the gop should be doing again is continuing the message that actually the challenger, romney had in the campaign, which is what we should be doing is focusing on long-term growth. long-term growth is the cure to most of our ills and if we continue to grow at 2%, we are going to have problems that persist for the next, many, many decades. so we've got to get back to an environment where we have positive business investment. the easiest way to do it by the way is look at the tax side. ashley: yeah. >> we can still have a tax structure that is completely progressive but we have to continue to focus on structures that will en
they were treated on the debt ceiling issue trying to tie that to spending cuts. >> right. ashley: where does the gop draw the line in the sand do you think? >> well i'm not sure they're in a position to draw the line right now unfortunately. you know, they control the house and the senate is controlled by the democrats. the white house is controlled by the democrats. so i don't know that they have a lot of power at this point to do very much. i think what the gop should be doing...
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Jan 29, 2013
01/13
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that was to pay for the last debt ceiling increase, let alone any future increases. we're not interested in shutting government down. what happens on march 1, spending goes down automatically. march 27th is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put this in context and think about what congressman ryan from wisconsin is really saying. republicans backed off their debt limit threat because they knew it was a political loser. and now they seem to be backing off their threat to shut down the government. sequester? well, that's another matter. if congress does nothing, the cuts take effect. republicans don't want defense cuts, but they might be willing to stomach those cuts because domestic programs would also get slashed, including medicare. and that's what republicans really want. let's turn to barney frank, former massachusetts c
that was to pay for the last debt ceiling increase, let alone any future increases. we're not interested in shutting government down. what happens on march 1, spending goes down automatically. march 27th is when the moment you're talking about, the continuing resolution expires. we are more than happy to keep spending at those levels going on into the future while we debate how to balance the budget, how to grow the economy, how to create economic opportunity. >> all right. now let's put...
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Jan 29, 2013
01/13
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 27, 2013
01/13
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mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have big problems. huge issues that need to be solved in our country. it looks like we are going to be lurching every six weeks to another silly drip drap showdown for four years. is that what we are looking at here? >> what the republicans have done is always keeping this administration on the defense from a fiscal standpoint. your point was brilliant in how you worded it. every six months we have the conversation where the republican party wants to be. they want to rebrand themselves as fiscal austerity and fiscal restraint. medicare part d and iraq. that was so ten years ago. but to my earlie
mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have...
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Jan 28, 2013
01/13
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that was to pay for the last debt ceiling increase. >> one of the nations largest federal contractors, general dynamic, announced in recent days a $2 billion loss which it is blaming on defense cuts and falling government demand. >> the measures will have to be taken. layoffs and the defense industry. most importantly to me, devastating growth to our national security at the sequestration takes place. it is up to congress and the president to act together. frankly, so far, i have not been the type of urgency that many of us feel about sequestration and its implementation. >> it seems that the war being wound down in afghanistan that the real fight is beginning at home for tighter budgets. melissa: jennifer griffin, thank you very much. illinois heading to disaster. joining us now, dan rutherford. that is coming up. lori: are you overeducated and underemployed? the new normal of this job recovery. ♪ . . . .. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a busi
that was to pay for the last debt ceiling increase. >> one of the nations largest federal contractors, general dynamic, announced in recent days a $2 billion loss which it is blaming on defense cuts and falling government demand. >> the measures will have to be taken. layoffs and the defense industry. most importantly to me, devastating growth to our national security at the sequestration takes place. it is up to congress and the president to act together. frankly, so far, i have...
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Jan 27, 2013
01/13
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[applause] the house will not consider another boat to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] it will be times when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. we need to give an honest account of our actions and the reasons for that. we should challenge the left and not each other. our founders were men of prudence. taken james madison. nowadays they call him the founder of the constitution. he lost some key governments -- arguments. he fought for plan to give the states the same number of states in the government. he wanted to give congress even more power. he wanted it to be able to veto state laws. madison argued vigorously for his side. when it came time to ratify the constitution, there was no greater advocate and james madison. he helped write editorials and called it the federalist papers. he led the charg
[applause] the house will not consider another boat to increase the debt ceiling unless the senate passes a budget. we are going to point the country in the right direction. we are going to cut spending. [applause] it will be times when conservatives disagree on the way forward. we have never marched in lockstep. that is not what we do. and healthy debate is a good and needed thing. we can do that in private without doing it in public. we need to give an honest account of our actions and the...
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Jan 26, 2013
01/13
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we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the left, not each other. if we take a prudent course we will be in very good company. take james madison. nowadays we call him the founder and the father of the constitution. but at the constitutional convention he lost key arguments. he fought to give each state the same number of seats in the senate. he wanted to give congress more power. he wanted them to be able to be tough state laws. in both cases, he argued vigorously for his side. in both sets -- in both cases he lost. when it came to ratify the when it came time to ratify the constitution, there was no better person than james madison. he led the ch
we are not going to just keep raising the debt ceiling, we are going to make a down payment on debt reduction and we are going to putt -- we are going to point the country in the right direction. we are going to cut spending. [applause] there will be times when conservatives disagree on the way forward. we never marched in lockstep. we can deliver it in private. all we should ask for each other is that we give an honest account of our actions and the reasons for them. we should challenge the...
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Jan 24, 2013
01/13
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going to raise it without equal pay cut, and basically he went back on that, and as you said, all he did was kick it down the road for three months. what was the point for him? >> the point was to look like they had some kind of a win because they knew they were in trouble on the debt ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see. they are going to try to balance the budget in ten years, which you cannot do without slashing medicare and medicaid, and social security. so the american people will get, i think, a very good look at the way republicans want to balance the budget and do deficit reduction and the way democrats do. we actually went through this with paul ryan's budget which was so egregious the leader of his party had to back away from it in the campaign. >> stephanie: yeah, it was seen as sort of a slap at the senate but they are calling it the no budget, no pay idea. it has been regarded by a lot of people as a gim
going to raise it without equal pay cut, and basically he went back on that, and as you said, all he did was kick it down the road for three months. what was the point for him? >> the point was to look like they had some kind of a win because they knew they were in trouble on the debt ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see....
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Jan 25, 2013
01/13
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 31, 2013
01/13
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they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers. so how do you -- how do you piece it together in your mind that the economy can be doing so poorly and yet the president is more popular than ever. fun know the answer, e-mail us or tweet us. >>steve: there's so many low-information viewers and votes out there. >>brian: that's their choice. >>steve: absolutely. when the payroll tax hit at the first of this year, they are going to go where did that money go? it was a shock to them. senator john thune yesterday tweeted after jay carney blamed the house democrats. -- house republicans. he says white house secretary blames g.o.p. for
they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers....